If there is one part of the cyber threat landscape that has evolved significantly in the past year and a half and in need of greater resilience, it is the supply chain. The COVID-19 outbreak bared the vulnerabilities of supply chains. It led Ireland’s Chief Information Security Officers (CISOs) and heads of supply chain to reimagine supply chain strategies from a cyber risk perspective to prevent similar disruptions in future.
The EY Ireland Global Information Security Survey (GISS) 2021 finds that the supply chain presents considerable danger as a fourth or fifth party may be several times removed from the organisation, but it could still pose a cybersecurity risk. However, more than two-thirds (70%) of the Irish respondents say they are confident they can ensure their entire supply chain is water-tight in its ability to defend and recover against threat actors.
Alan Dickson, EY Ireland Director, Consulting and Procurement and Supply Chain, talks about the need to develop a robust third-party risk management process and diversify supplier network.
Q. What are the imminent cybersecurity risks to Ireland’s supply chain in the coming six months to a year?
A. Multiple well documented and discussed risks will continue to feature. From a cybersecurity perspective, disruption to various processes involved in the movement of goods in Ireland is especially a concern, given the introduction of new regulatory systems when dealing with the UK. These include customs formalities including customs declarations, routine customs checks, payment of customs duties.